I SPY 5/18 Recap 🎯 and 5/19 Outlook πŸ”­

SPY 5/18 Recap

@ close 411.94

Current post market price as of 2:40 PM MST – 411.05

  • Worth the wait for the dive near close today. Patience is key.
  • Hit 🎯🎯🎯🎯 413.67 – 412.49 – .94 from 411.

https://preview.redd.it/huyvrgrhxxz61.png?width=6886&format=png&auto=webp&s=f3b787cf97b1742850474e157bbfb65f5966e1b5

From morning post:

https://preview.redd.it/eq8kuv1owxz61.png?width=1104&format=png&auto=webp&s=4a8ae837d9c74b3bec86bcb7de73fabc968911e1

1D Timeframe

  • If bears continue putting the pressure and we close 410-405 tomorrow the w seems to be forming and nearer to completion. To complete, we need a bounce around 405-410 bottom and to cross 417.86 range. I believe if we cross 417.86 we will see all time highs in the near future. Bulls have a lot of work to do though.

https://preview.redd.it/m842s7frxxz61.png?width=6886&format=png&auto=webp&s=f4cb73f321b837e5c6927471d2dec5857a23228c

From morning post:

https://preview.redd.it/233lmautxxz61.png?width=1490&format=png&auto=webp&s=66d132794887fb903580d94941b768d6fec43245

5/19 Outlook – Neutral with Slight Bearish Skew

  • 410 really needs to hold for bulls.
  • We could see a battle at 410 as pointed out at around 4/13
  • If 410 fails look for 407.70 – 406.65 – 405 – 404.02
  • Major support at 400.
  • Best case for bears is that we gap down below 410 and test for new resistance in the AM.

https://preview.redd.it/x095do0t1yz61.png?width=6886&format=png&auto=webp&s=59f49a0da6a40c8f2f11c89e29d96d6be3dac3db

  • RSI hugging 50 line.
  • Bears want 41.00 – 36.43 – 30
  • Bulls want 50+

https://preview.redd.it/lavwv78n3yz61.png?width=6886&format=png&auto=webp&s=e718949b85f9b67d44430b39b516d669d9238e74

SPY v VIX

  • Bears want 22 – 23.2 – 24.4+
  • Bulls want <20

https://preview.redd.it/fuvy9kr04yz61.png?width=6886&format=png&auto=webp&s=a62fd19648b3eb80d580d784fbed5716b6d79659

Thanks for reading!

NightMan

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